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Stock impact report

For Workers Over 50, a Job Without Benefits Spells Long-Term Trouble [The New York Times]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
When the retirement expertAlicia H. Munnell“When I looked at the results I thought, ‘This can’t be right,’” Dr. Munnell, director ofthe Center for Retirement Research at Boston College“How Do Older Workers Use Nontraditional Jobs?,”Freelancers and consultants of all stripes can fit that definition. So can waiters, artists, yoga instructors and anyone who works part time or whose income is generated by the gig economy (including Lyft or Uber drivers and DoorDash couriers).“I thought everyone had traditional jobs during their 50s,” Dr. Munnell said. “I was super surprised by it.”What may be less surprising is the effect these jobs can have on retirement. Depending on how much time workers spent in a job without benefits from ages 50 to 62, they can expect their retirement income to be as much as 26 percent lower than that of people who spent their 50s and early 60s in positions with full benefit packages, according tothe center’s findingsSome of these workers, likeMary JacobsMs. Jacobs Show less Read more
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